Wefox, one of Europe's fastest-growing insurance technology firms, is close to settling on a new "triple-digit million" euro funding round. It aims to expand the insurance industry's reach by harnessing an emerging trend to use "big data" to provide more tailored coverage of, for example, taxi or food delivery workers on occasional shifts, or skiers spending a day on the slopes. Investors include Target Global, SalesForce, Seedcamp and Idinvest. So far, it operates in three markets - Germany, Austria and Switzerland and will open in five more European markets within six to eight months.
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